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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (60210)	5/2/2002 8:25:17 AM
From: 2MAR$	Respond to of 99280

PDL will hold a conference call to discuss the changes to its management team at 8:30 a.m. Eastern time on May 2. Access to the conference call will be available by dialing (212) 346-7456; enter conference ID number 20577430. +++++++++++++++ FREMONT, Calif., May 1 /PRNewswire-FirstCall/ -- Protein Design Labs, Inc. (PDL; the "Company") (Nasdaq: PDLI) today announced that Laurence Jay Korn, Ph.D., a co-founder of PDL and its Chief Executive Officer since 1987, has relinquished his responsibilities as Chief Executive Officer. Dr. Korn will continue to serve as Chairman of the Board and will continue to be active in the areas of investor relations and business development. PDL said that its Board of Directors has elected Douglas O. Ebersole, Senior Vice President, Legal and Licensing, PDL, to serve as Chief Executive Officer on an interim basis. Mr. Ebersole is expected to serve in that capacity until the Company completes its search for a chief executive officer. A committee of PDL directors, chaired by Cary L. Queen, Ph.D., Senior Vice President, PDL, will direct the search. [snip]